Activision Blizzard (ATVI) is Reiterated by Stifel to "Buy"

Belinda Weber

(NASDAQ:ATVI) soared as much as 19.9% higher on Friday after reporting another outstanding quarter. Average true range (ATR-14) of the company is at 0.71. Higher EPS estimate is noted at $0.52 while lowest EPS estimate among analysts is targeted at $0.29. Company's revenues grew 49% to a quarterly record of $2.01 billion for December quarter. This Consumer Discretionary Sector stock now has the Market Capitalization of 29.87 Billion. Based on the consensus of stock financial advisors the stock has a price target of $48.07. Vetr downgraded shares of Activision Blizzard from a "strong-buy" rating to a "buy" rating and set a $50.74 price target for the company.in a report on Monday, October 24th. (NASDAQ:ATVI) at Last Earnings was $43.37 as compared to the previous closing price of $39.19. (ATVI - Free Report) just released its fourth-quarter earnings results, posting earnings of $0.33 per share and revenue of $2.014 billion. The 52-week high of the share price is $45.55 and the company has a market cap of $29,528 million. The Company intends to seek stockholder approval of the Plan, in addition to stockholder approval of an amendment to the Company's certificate of incorporation that would implement stock transfer restrictions, at its 2017 Annual Meeting of Stockholders. The company's price sits 4.71% above from its 50-day moving average of $38.60 and -0.43% below from the stock's 200-day moving average of $40.54. The share price of $134.14 is at a distance of 38.55 percent from its 52-week low and down -1 percent versus its peak. Given that its average daily volume over the 30 days has been 8.26 million shares a day, this signifies a pretty significant change over the norm.

"Our record performance in 2016 further strengthened our position as the world's leading stand-alone interactive entertainment company", Activision CEO Bobby Kotick said in a statement.

During last 5 trades the stock sticks nearly -1.83%. Zacks Investment Research lowered shares of Activision Blizzard from a "buy" rating to a "hold" rating in a report on Monday, December 12th. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 9 buy or better ratings.

KeyCorp. (NYSE:KEY) jumped 71.47 percent over the past one year, while it declined -0.99 percent year to date (YTD). Taking a look into the performance of ATVI stock, investor will come to know that the weekly performance for this stock is valued at -3.16%, resulting in a performance for the month at 3.95%. The stock was trading on above-average volume. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.71 on scale of 1-5. For trailing twelve months, EPS value for the stock is $-0.38. Stock analysts expect it to report per-share earnings of $0.38 in that period. The company's revenue was up 81.2% compared to the same quarter past year. The company had Year Ago Sales of 2.12 Billion. The mean forecast was for $1.57 billion and $0.42 a share, respectively. The EPS growth rate is projected at -10.86%.

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